Bokf Na Expands Stake in Boise Cascade (NYSE:BCC)

Bokf Na increased its stake in shares of Boise Cascade (NYSE:BCC – Free Report) by 80.2% in the first quarter, according to its most recent 13F filing with the SEC. The company owned 2,900 shares of the construction company’s stock after purchasing an additional 1,291 shares during the period. Bokf Na’s shares in Boise Cascade were worth $444,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas increased its stake in Boise Cascade by 5,050.0% in the fourth quarter. USA Financial Formulas now owns 206 shares of the construction company’s stock worth $27,000 after purchasing an additional 202 shares during the period. Principal Securities Inc. acquired a new position in shares of Boise Cascade during the fourth quarter worth approximately $27,000. Global Retirement Partners LLC increased its stake in Boise Cascade by 1,147.1% in the fourth quarter. Global Retirement Partners LLC now owns 212 shares of the construction company’s stock worth $28,000 after purchasing an additional 195 shares during the period. Scarborough Advisors LLC acquired a new stake in Boise Cascade during the fourth quarter worth approximately $36,000. Finally, Blue Trust Inc. Blue Trust Inc. increased its position in Boise Cascade by 58.1% in the 4th quarter. Blue Trust Inc. now owns 544 shares of the construction company’s stock worth $70,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s shares.

Changes in analyst ratings

A number of analysts have recently weighed in on BCC stock. Goldman Sachs Group lowered their price target on Boise Cascade from $140.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Truist Financial lowered their price target on Boise Cascade from $175.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, StockNews.com raised Boise Cascade from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, two have rated a hold rating, and two have given the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $126.00.

Read our latest stock report on Boise Cascade

Insider Activity at Boise Cascade

In other Boise Cascade news, EVP Jeffrey Robert Strom sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $135.00, for a total transaction of $337,500.00. Following the transaction, the executive vice president now owns 43,353 shares of the company’s stock, valued at $5,852,655. The sale was disclosed in a filing with the SEC, which is available on the SEC website. In other news, EVP Jeffrey Robert Strom sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $135.00, for a total transaction of $337,500.00. Following the transaction, the executive vice president now directly owns 43,353 shares of the company’s stock, valued at $5,852,655. The sale was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. Also, SVP Jill Twedt sold 1,852 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $135.00, for a total transaction of $250,020.00. Following the completion of the sale, the senior vice president now owns 37,437 shares of the company’s stock, valued at approximately $5,053,995. The disclosure for this sale can be found here. 0.98% of the shares are held by corporate insiders.

Boise Cascade shares down 0.7%

Shares of NYSE BCC opened at $140.06 on Tuesday. The company has a 50-day moving average of $128.26 and a 200-day moving average of $134.59. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 11.39, and a beta of 1.50. Boise Cascade has a 1-year low of $87.32 and a 1-year high of $154.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.24, and a quick ratio of 2.05.

Boise Cascade (NYSE:BCC – Get Free Report) last released its earnings results on Monday, May 6th. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.30 by $0.31. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Boise Cascade had a return on equity of 22.00% and a net margin of 7.08%. The company’s revenue increased 6.5% compared to the year-ago quarter. During the same quarter last year, the company earned $2.43 EPS. On average, analysts are predicting that Boise Cascade will post 10.41 EPS for the current fiscal year.

Boise Cascade Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 3rd. This represents an annualized dividend of $0.80 and a yield of 0.57%. Boise Cascade’s dividend payout ratio is currently 6.50%.

Boise Cascade Profile

(Free Report)

Boise Cascade Company is engaged in the manufacture of wood products and the distribution of building materials in the United States and Canada. The company operates through two segments: Wood Products and Building Materials Distribution. The Wood Products segment produces laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial floor and roof systems and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine shop lumber and appearance grade boards.

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